Gold Fields (NYSE:GFI) Stock Price Up 5.8% – Should You Buy?

Gold Fields Limited (NYSE:GFI)’s share price was up 5.8% on Thursday . The stock traded as high as $22.89 and last traded at $22.80. Approximately 1,072,216 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 3,488,465 shares. The stock had previously closed at $21.55.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Scotiabank increased their target price on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Gold Fields presently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Gold Fields Stock Up 8.2 %

The stock has a market capitalization of $20.87 billion, a PE ratio of 9.92, a P/E/G ratio of 0.30 and a beta of 0.92. The stock’s 50-day moving average is $19.97 and its 200 day moving average is $16.89.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a $0.3752 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields’s dividend payout ratio is 25.96%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FCA Corp TX acquired a new stake in shares of Gold Fields during the 4th quarter valued at about $108,000. Net Worth Advisory Group acquired a new stake in Gold Fields in the fourth quarter valued at approximately $136,000. Signaturefd LLC increased its stake in shares of Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after purchasing an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Gold Fields during the 4th quarter valued at $139,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Gold Fields in the 4th quarter valued at $141,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.